Money that Buys Good Health is Never Ill Spent

According to the Kaiser Family Foundation, the average person covered by Medicare has out-of-pocket medical expenses in excess of $5,500 a year. Premium costs accounted for 28% of the total, while long-term facility costs, medical supplies, prescription drugs, and dental care claim the rest.¹

With healthcare expenses in the spotlight, it’s incumbent upon us to make sure our retirement strategy anticipates these costs.

The Department of Health & Human Services estimates that about 70% of people will need extended care at some point in their lives.²

These annual costs can range widely based on geographic location, from over $63,000 in Oklahoma to nearly $300,000 in Alaska.³ When workers were surveyed, only 16% said they were “very confident” they would have enough money to pay for long-term care in retirement.⁴

Finally, you may want to consider a Medigap policy, which may help cover some of the healthcare costs not covered by Medicare.

Making sure that you are properly insured for your medical costs may help strengthen the foundation of your retirement.

MedicareResources.org, March 20, 2018 (Based on 2013 data, which is the latest available.)

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2018 FMG Suite.

Digital Evangelist & Client Amazement Specialist LifeGuide exists to help our clients experience peace, freedom and the confidence to make an impact with their finances. We help our clients make wise financial decisions by clarifying...

Life is a collection of millions of choices that we make daily. While these choices vary in magnitude, they can often be traced back to a source. One source that plays a significant role in the choices that we make is our mindset. A...

For the fourth year in a row, LifeGuide’s “Share the Blessing” campaign was a great success! We would like to thank those who participated and shared their story with us; it was great encouragement. As a reminder, at...

Connect With Us on Social Media!

The content is developed from sources believed to be providing accurate information.
The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals
for specific information regarding your individual situation. Some of this material was developed and produced by
FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named
representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and
material provided are for general information, and should not be considered a solicitation for the purchase or
sale of any security.

Copyright 2018 FMG Suite.

LifeGuide Financial Advisors, LLC ("LifeGuide Financial") is a Registered Investment Advisor ("RIA"), located in the Commonwealth of Pennsylvania. LifeGuide Financial provides investment advisory and related services for clients nationally. LifeGuide Financial will maintain all applicable registration and licenses as required by the various states in which LifeGuide Financial conducts business, as applicable. LifeGuide Financial renders individualized responses to persons in a particular state only after complying with all regulatory requirements, or pursuant to an applicable state exemption or exclusion.